 is a presentation of TFNN, the morning market kickoff with your host, Tommy O'Brien. Good Thursday morning everybody, I'm Tommy O'Brien, coming to you live from TFNN just after 9 a.m. Eastern time. We got about 24 minutes to go until the start of trading. You have all the markets in red territory, but clon back some of the losses. You got the S&P negative by 11 points, but you were down negative by about 24 points at the low this morning. We have the ECB as they hike 25 basis points, Lagarde speaking right now, indicating that they're going to go more than even this meeting. They're probably going the next meeting as well. The first question, I was listening before I came on the air, first question had to do with our decision, right? And talking about, are you on a similar trajectory where you can take a look at the lag, the catch up? And pretty much it was no. We're probably going to hike at the next meeting as well. We have a lot of work to do. We're seeing a little bit of volatility around that. We have jobless claims. We have retail sales to get into this morning. And we have a market sitting above 4400, but slightly in the red. That's a one minute chart just to see the illustration. We back it up on a 10 minute chart. You see the volatility of yesterday on Fed Day. Quite an acceleration, man. We almost made it all the way down to the lows. You're talking about lows of about 4384, okay? And we made it to a low of about 4393. This morning on that low, we're back at 4406. You get the NASDAQ 100. Not quite down at that level like the S&P. NASDAQ 100. Negative 65 points, but how about it? 15,134. Remarkable. Got the Dow just off 30 points, 34,253. The Russell, negative by 10. Russell actually made it below the lows of yesterday and the Russell was getting hammered yesterday, man, compared to some of the other indices trading higher. Crude, just under $70, $69.23. You jump over to gold. You talk about some volatility, man. Gold contract, 1947 down to 1936. Now, here's the cool thing, folks, gold. Our man, Tim Orrd, he's got his webinar going on tonight talking about trading gold. It's not a live trading webinar. So the volatility, but pretty cool. We have some action in gold. He's going to be going over for that for two hours. You can check that out on the front page of TFNN. We'll reference that later in the program. You're down to 1936. You're back to 1949. Now, what you have happening here is that you've got a couple of different stories going on. First, you had the reaction to the weekly jobless claims coming in at 260-some-thousand jobs, jobless claims initial for Thursday. Then you have retail sales, which was a strong number and a beat as opposed to a negative number. But then you have the ECB coming. And guess what? They are going to be extra hawkish, potentially. You jump over the dollar index, right? And there's the 810, 820. Yeah, not as much volatility, really, as that number really accelerated from 8 until about 840. Yeah, so not too much volatility even in the last 20 minutes since the ECB came on. But it's going to be an interesting one, man, as we jump around. We jump over the VIX, have to somewhat chuckle. We were just sitting at a 13 handle. We're just above that level at 14.06 right now. You've got to take a look at yields, some volatility there as well. And what do we got accelerating, man? How about getting back all yesterday, right? How about that? In terms of the first indication, the Fed coming out saying we might have two more hikes, Chairman's wording, and I would agree, man, he was trying to pause without sounding like he was pausing, man. And when they asked him and Bloomberg said it so, but boy, if they were really true to their words that they're probably coming back with two hikes, we only get one more month of data as in we only get June data, really, before the next meeting. So you're going to get one more month of data when you're going to talk about, you know, we're going to get non-farm payrolls early in July, right? We're going to get retail sales, etc. We just got, you're going to get all the June data for the meeting that's coming in late July. But that's all you're going to get. You're not going to get two months, three months. So if you're really on that hiking cycle, and you really thought, okay, we're going to give it a pause, we're going to come back and we're going to hike. But boy, all he said was July was live. Well, if you don't know July is live when we got inflation between four to five percent, okay, every meeting is basically live right now because the data could change anything if inflation rears back up. So that was about the bare minimum you could say to go along with the pause and the market took that and ran with it. But boom, just like that, man, we're talking about yields below where we were trading back then. You got the 10-year 3.75 percent right now. The yield on the 10-year, we jump over to the 30-year. Yeah, almost back to where we were yesterday as well, up by 20 ticks, 127.20. And let's jump back to the dollar index as we jump around. You got the dollar index, 102.81. All right, where do we kick things off? Let's kick it off with the ECB. They hike again and signal rates will rise more before the peak. So their rate is 3.5. Now remember, the Fed just stopped at 5.1 essentially, right? So they raised to 3.5 from three and a quarter. As I said, Lagarde was over there saying that they're probably going to the next meeting as well. She's talking right now. So expect that you may get some volatility, especially when you talk about currencies over there. Inflation, I mean, they're at some lofty levels, man. You know, how could you pause anywhere near 3.5 percent when they're still dealing with inflation above 5 percent in dramatic fashion? So she's speaking right now. We'll see where they go from there in one second. Okay, I have the numbers up. I'll get to them. Weekly jobless claims, 260,000. I have retail sales up, too, unfortunately. I'll find that article. We'll jump to it after the break. But nonetheless, let's jump around to some of the fang stocks as we get the markets down by 12, still sitting above 4,400 in the S&P. It's a remarkable number. Amazon shares, down about $1.2550. You jump over to NVIDIA. How about NVIDIA yesterday, right? NVIDIA up to 433. You technically closed at 429. Markets just kept going last night after the bell, right? Up to 433. You're back to 424. You jump over to AMD. Not quite the same scenario. They're off about a couple dollars in the pre-market as well. Microsoft shares barely in the red. We jump over to Google. Google is its own deal, man. Google's going to potentially have some issues. You got the EU coming after Google. That's no joke. We jump over to Linnar. Linnar, with their numbers after the bell last night. Strong numbers for Linnar. Homebuilders continuing higher up from about 115 to 119 in the pre-market. We jump over to DR Horton. And they're going to be about a dollar higher as well, extending some of those gains. And can you imagine what's going to happen now? The interesting part about this is, think about this part for the homebuilders as we digress a bit. But they cover this on fast market yesterday in terms of the equities. They didn't cover my points I'm talking about, but they cover this. The housing market's held up so well, okay? And Linnar was the one they actually had the numbers. What's going to happen as the Fed comes into a pause, even if you go out a year to 18 months, right? What happens when they really come into potentially some cutting and you see mortgage rates go back down to four and a half to 5% or something like that? What's going to happen to housing prices? Well, for the first time, what's interesting there is that you're going to have the ability for people potentially who are in a mortgage at 4% to consider selling their house. So maybe that releases a bunch of supply. Okay? Because you want to make both cases. Say, man, housing prices are holding up well at 7%. How are they going to do at 5%? There's going to be some headwinds there with people selling their house and potentially hurting the homebillers. Interesting angle on things, right? Stay tuned, folks. You're coming back, talking to our man, Kevin Hanks. Don't go away. This June, Tim Ord of the Ord Oracle will be hosting two webinars, providing insight into his renowned market timing methodologies. On June 8th, Tim will delve into the S&P 500, teaching sentiment indicators, identifying market bottoms and divergence, and so much more. 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What's their mentality going forward? How real are they when they're talking about two more potential hikes on the table? We get to find out as time progresses. Let's jump over to our man, Kevin Hinks, folks. Every trading day, 12 noon Eastern time, fast market from the TD Ameritrade Network right here on Tiger TV. Your host, Kevin Hinks, Tom White. They've got a great lineup of guests, folks. They walk you through hypothetical trade stops. They're usually talking three different equities, all of them with defined risk. Kevin Hinks, good morning. Good morning, Tommy. Welcome to Dated Dump Thursday. We got something for just about everybody in today's market. You've got an ECB rate decision. You've got a bunch of one, two, three, four, five, six data points already out this morning and a couple more coming up. This is going to be a busy day, busy end of the week here. Obviously, coming off the Jerome Powell press conference, a lot to go through, a lot for the market to consume and digest. Tommy. Kevin, I was going to ask you, what do you think? We all know, of course, that they paused. That was pretty much expected. They had the idea in there that maybe they go to 5.6. You're talking about two more hikes. You had the press conference. Do you really think that's where they are? I love that conversation right now in terms of is July as live as they say? Where do you think they go from here? I know we got data coming down the line, but it's interesting whether, and I don't want to use whether you believe them or not, right? But how strong are they in the conviction maybe that they're going to go two more hikes? If that's the case, why are they paused? And what do you think about that whole conversation, Kevin? I think there's two stories. I think it's what Jerome Powell did that's important. I think it's what Jerome Powell said that's important by paying attention to what he did. He told you that they've raised interest rates a long way, and they think the inflation ball is starting to roll downhill, and they may not need to help it. I think by definition, Jerome Powell wants to stop raising interest rates, but his rhetoric is so important, and Fed speakers are so important that you also have to listen to what he said, which means if the data doesn't come in, he's prepared to do more. So I think what he did is important, and I think what he said is important, Tommy. So he also said a lot of the reaction yesterday was to the dot plot, right? The SEP, with nine members thinking we need two more hikes, two supported three hikes, one supported a full point higher. So 16 of the 18 members thought we needed rates higher than they are right now, but, and here's the big interesting part, Tommy, that's a snapshot of right now how they feel. That could change. And Jerome Powell even said the dot plot that you see that's not a committee decision. It's not a committee plan. That's what they think right now as they look at the economy. So I wouldn't, I would, it's important for traders, investors, your viewers to understand that what the Fed says is a snapshot of today or yet, in this case yesterday, and that could change subject to the data. So I think Jerome Powell is trying, Tommy, and it's starting to come into play. I think he's threading the needle here. He's got inflation coming down. Like he said, that part of inflation, that housing X services where wages are in that component, which makes up about 56% of core PCE. That's the sticky part. That's what's causing him the most problem. That'll come down the slowest. So, but he's got inflation coming down and he's got unemployment at 3.7%. I think he's threading the needle, Tommy. It's a great take, man. And it's pretty cool to see him, you know, answering the questions. And it would make sense, I guess, with where the inflation numbers are right now, that if you're going to not hike, you have to at least appear somewhat hawkish because the numbers are so high. Of course, they might be willing to hike. And as you say, I'm sure they're pretty hopeful, man. We get to find out as the data comes over the next couple of months. Interesting. They really only get one full month of data as in the next meeting is in July. We've already gotten a lot of the numbers from May. So we're going to get a lot of the numbers in June. And it's summer trading as well. I can't wait to hear what some of the different Fed speakers are going to be saying in terms of their preferences because it was unanimous, but as we know, unanimous with the potential of some more hikes down the line. With that in mind, Kevin, you mentioned, man, we got some data this morning. What do you think of retail sales? As you know, you got retail sales, we got jobless claims. You mentioned the ECB as well. Lagarde speaking, as I came on the air, what do you think of those retail sales? Strong numbers, man. Is good news, good news, Kevin? Or are we going to be in the deal where you see a strong retail sales number and the focus is now in the next Fed meeting? What do you think of that number and how that plays into the whole scenario? Yeah, what jumped out at me there, Tommy, was the X vehicles and gas month over month coming in at up point four. They were looking for weaker in the headline, but that number can be volatile in retail sales because of vehicles. So X vehicles on gas up point four, that was a fairly stronger number than everyone expected. Besides that, a lot of the numbers came in pretty much in line. Some regional data out of Philly Fed and Empire State and import, export prices. What jumped out at me is exports down 1.9 percent down 10.1 year over year. That was kind of a big number there. So besides that, everything's coming in line. Like I said, this may have to do with a bunch of news coming out and NASDAQ and S&P, at least to start the day, we're over the bot. So let's see how this plays out during the day. And what do you think about some of the yield action? I got the 10 year right now up on the Thinkorswim platform, Kevin. And boy, we got some action this morning. You got the ECB hiking rates. And it seems like they're going to be hiking at the next meeting at least, as they're at only 3.5 percent right now compared to we're over five right now, even as we pause. What do you think of the fact we got the 10 year now above in price in terms of a little bit lower yield, even then when we came out yesterday, we saw a spike down to 112.12. And we're almost a full point higher right now, Kevin, in the 10 year. I think, remember, the government has to raise a bunch of cash over the next days and weeks. So I would expect some downward pressure on bonds and notes and some upward pressure on yields just for that. However, you have to always be cognizant of some of that that may cause bonds to rally in yields to go down. So yeah, I think the bond market, the 10 year yield is the one you want to be watching, Tommy. Nice. With that in mind, Kevin, we got a data dump. Like you said, I'm sure you'll have plenty to talk about a fast market on 12. But are you talking about some specific equities as well coming up today? Yeah, we're late in earning season, Tommy. So the names are getting a little thin, but we do have Adobe coming out with earnings after the bell. So we'll focus on that name, a couple others that we're looking at to add in as news comes out. I mean, Target raised their dividend today, Delta Airlines raised their dividend today. So interesting news in the airlines, but the folks in today's show will be on Adobe's earnings after the bell. Boy, and as you're speaking, I pull it up on the thinkorswim platform. It's amazing how many of these stocks have accelerated from 340 May 16th. About a month ago, we're trading at 480 right now. Remarkable. Kevin, I appreciate the time on a busy morning as always, man. Have a great day. Have a great program at 12 and we'll talk to you next week. Have a great long weekend as well, man. Have a great weekend, Tommy. You too. Folks, check it out. Every trading day, 12 o'clock. I'm always watching Fast Market. Check it out today with our man, Kevin Hicks. They'll be talking to Adobe as well as some other equities and we'll be right back for the open, folks. Stay tuned. Building wealth trading in the stock market seems impossible to most people. They think it's too volatile and risky. Most people aren't going to take the time to educate themselves on how to do it right. But you're not most people, are you? At TFNN, you'll get the guidance you need to refine your strategies and techniques to invest like a pro. Because you'll be a pro. All TFNN subscriptions, books, software, and courses are available at tfnn.com. 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He was in the room yesterday asking a question. And his stance is that a July rate hike is coming. And the case that he makes is some of the verbiage that he used here, okay? And literally talking about potentially saying the word skip, okay? Now, wait, let me make sure that's the right article I was talking about. Yeah, here we go. He includes the quote here talking about it. If you heard it, if you listen to the press conference, and it was pretty cool yesterday, we played it on live on Tiger TV in terms of the Chairman's press conference for a majority of it up until just after three o'clock or so, his tongue-slip mention of a skip. And he did do that. He also used the word pause later. You always have to wonder whether he had to, and this was the quote up here. Here we go. He did, yeah. Several analysts said they believed that that believed that in terms of his reference to the skip inadvertently revealed his preference to raise rates next month. We're trying to get this right, this is his quote. And if you think of the speed and level of the rate increases as separate variables, then I think the skip, I shouldn't call it a skip. The decision makes sense, but he did call it a skip. Then you have to go one step deeper than that, okay? How many levels deep are you, right? How many levels deep are you in terms of who's leveling who here, okay? Because what if it's a fake slip? How cool would that be, right? In terms of, you really want to get people on the page that you're as hawkish as possible, you make a pretend slip up. If you don't think it's possible, folks, okay? The whole economy is riding on it. If you don't think that it's possible that somebody would make that case when his whole legacy is riding on that, of course he could do that. So he could have been a lot stronger, I feel like, if they really thought, hey, because I just heard Lagarde, okay? And Lagarde basically said, we're probably hiking in the next meeting. He could have said that and he didn't. So they left themselves room there. And that's what the market's going to try and digest today. And I can't wait to see where it goes. As you come down to 43.95 overnight, we're sitting at 44.10. You get the Dow in positive territory, NASDAQ 100 man, 15,120. Pretty remarkable, the acceleration that we've had across the board. Now we get the numbers this morning, and this is going to be the interesting case. I can't wait to hear what the Fed Governors are going to say, because they're probably going to tell us pretty quickly a lot more information in terms of where they're leaning, where voting members are leaning. But you talk about, we get strong numbers. If we keep getting strong numbers like this, right? Is that going to be enough to have another pause? Are we going to give it? Because every meeting is about six weeks. If you go two pauses, that means you're going four and a half months almost in between hikes. Is that right? Yeah, that would be right. If you pause twice, the time between one hike and the other would almost be a five month pause. So you skip two meetings, man, five months. If you're skipping two meetings and giving it five months of catch up, and you're still worried about inflation, why are you skipping twice? That might be the end of it. And I'm sure that they're going to hope it. But I don't understand how numbers are going to rise 0.3% in May from the month before. After retail sales rose 0.4% in April. So you got a 0.4% rise in April, 0.3% rise in May. Consumers spent more at many of the types of retailers tracked by the report talking about groceries, furniture, electronics. They spent less at gas stations. I mean, it's simple. The price of gas has been going down. Overall retail spending, including restaurants, rose 1.6 in May from a year earlier, a slower gain than price increases. But when excluding gas stations, spending gains match closely with inflation. So that number hits. We get the ECB this morning. We get to see where it plays out. You jump over to the two year. We've basically gotten it all back, which is remarkable when you look at the acceleration that we got. That's the two year. Okay, you go from a price point of 102.10 down to 101.31. Now this one is not as volatile because it's a shorter term, right? The longer duration you are, the more volatility you're going to have. Okay, because any change in interest rate is going to impact the price more dramatically. So when it's a longer duration, the two year, okay, these are huge moves for the two year, man. You back it up to Tuesday. You go to Wednesday. That was CPI. You go to Wednesday. We've gotten all the Wednesdays moved back, which is remarkable when you think about the fact that the market either doesn't believe them. But I think it's a lot of what I said. That was not as strong of a press conference as could have followed if the conviction was really there to go twice more. I think he could have meant a little bit stronger and I would not base everything on that one word skip because he said the word pause later. Now, did he say the word skip inadvertently and then he said the word pause later to cover himself? Did he say the word skip inadvertently at first purposely and pretend to do it inadvertently? Folks, it's one of the highest stakes games of poker going on in history. Okay, that's literally what it is. It's a standoff between the Fed and markets and the economy. Okay? And if the markets believe the Fed is hell bent on raising rates and they're going to bring it twice more, things will tighten and that will help calm inflation. So of course, you want the other party to believe that when you say you're going to raise that you're not bluffing. That's always what you want. Now, it's not always. It's usually what you want in poker, right? Let's talk about a high stakes game. People do this stuff all the time in poker, folks. Okay? They pretend to do something. They make it seem an inverting and meanwhile, they're purposely doing it. Right? As in some people will by mistake raise and act like they just meant to call. Well, meanwhile, they knew they raised or they committed themselves and they pretend like they didn't mean to write these things happen all the time. So be careful reading into that. Kevin was talking about their actions in their words. The actions speak louder than words in my opinion and they paused and if inflation was that big of a deal, they could have meant a little bit stronger. The chairman could have been a little bit stronger with his words in terms of the next July meeting because we're not going to get a lot of data. Now, what he said is we're going to take, you know, because one of the questions was just like I've been talking about, we're not going to get that much data, man. We're going to get June data. That's it. Okay? By the next meeting. Then you fast forward the meeting after that. We're going to get basically two months of data because they fall every six weeks. So sometimes you get a couple months in there. Powell's reference was, well, we're going to look at, you know, the last two or three months or, you know, we're going to go back more than that because there's volatility, there's variance. I'm surmising his words and we're going to take, you know, recent data of three months, something like that to make our decision because that's what we do. Well, if they're pausing right now, we're only getting it one more month of data and they're going to look at the last three months of data to illustrate what they do in July. They're not going to get that much data and two thirds of the data they're going to be looking at already tells them that they can pause. So I really think that they're going to be hoping that they can do it, man. They're going to be looking for an opportunity to maybe sit at 5.1 and see what happens. We'll see what the market thinks that as well. Stay tuned folks, we'll be right back. We have exciting news, Tigers. This June, Tim Ord of the Ord Oracle will be hosting two webinars providing insight into his renowned market timing methodologies. On June 8th, Tim will delve into the S&P 500, teaching sentiment indicators, identifying market bottoms and divergence and so much more. On June 15th, Tim pivots to the gold market, taking a look at cycle analysis, ratio studies, advanced decline indicators and other important tools for analyzing this sector. Sign up today on TFNN.com, TFNN Educating Investors. You might think that if you want to be successful at trading in the stock market, you're going to need a crystal ball. After all, it's impossible to predict the future, right? Like any endeavor in life, before you decide it's impossible, get some advice from the experts. 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Our man Tim Ord, he's going to be talking about gold. Okay, he's had two webinars here. Last week he did the S&P, they're entirely different webinars folks with entire different trading methodologies. Okay, nothing discussed last week is going to have anything to do with what's going to be discussed this week. They're completely separate webinars. That's why Tim wanted to break them down as so. Two different webinars, the methodology and indicators he uses to trade each market. Tonight is gold. You can check it out on the front page of TFNN. He'll be talking about cycles, ratios, advanced decline and up-down volume indicators, finding extremes, ideal decision areas. The way that you look for those extremes, and they're different again. He has extremes in the S&P, but they're different extremes when you're looking to trade gold, which is the coolest part of the webinars that he's put together. He has a question and answer period. After the presentation, that's from four till six tonight. You can check it out on the front page of TFNN. You can sign up for that gold webinar for $295. It's archived folks on your member's page after it's completed. You can watch it from it as many times as you'd like. And if you do want to attend that S&P one, you can always sign up for both. And you'll get the archive of the S&P webinar, save $100. But good day for a gold webinar tonight, four o'clock. Yeah, right after the program. And Jacob will be covering for Tom again this afternoon. It's Thursday. Don't forget. We got a long weekend this weekend, man. Juneteenth holiday on Monday. Markets closed on Monday. We will be closed on Monday as well. And Tom will be back on Tuesday from vacation. All right. Jumping around to some of the other stories in the morning, Kevin Hinks referenced it. Delta, we instates the quarterly dividend after a three-year halt. We jump over to Delta shares. As you may expect, a little bit of a pop on the open. They got weighed down by the market. So no real huge reaction there of Verizon. Increasing their dividend. Interesting, right? No action at all. We get the markets in positive territory, man. Dow up 78 points. NASDAQ, billion in the red. Let's see how the biggest companies in the world are trading this morning. Apple shares. Look at this. Apple chasing an all-time high, man. I think that was an all-time high close yesterday, wasn't it? Maybe Monday. I think it might have been an all-time high close yesterday. You're going for an all-time high print in Apple right now. 184.74, 20 pennies away. We jump over to Microsoft shares. Microsoft up more than a percent, man. I mean, you have to chuckle, right? I got an article up here about Microsoft. Wasn't sure I was going to jump around, but why not? Talking about what did they do? The sudden AI dominance is scrambling. Silicon Valley's power structure. This is a longer read. I'll post this one in the Tiger's Den, because it's an interesting one. Talking about, so what this talks about, right? You got GitHub co-pilot tool. Okay? Open AI's innovation. Folks, if you haven't even used it, I'm not a coder. Okay? We do, of course, some code work when you're talking about TFNN's website, even within Shopify, but even just playing with it. I was telling ChatGPT last week or so, write me code to do this, et cetera, et cetera, and watching it go. I mean, for people who actually know how to do that stuff, amazing to think what it's going to do. And that's what they're talking about. Co-pilots, okay? Which should be, yes, new lines of code to computer programmers, 10,000 companies as customers. Paid offering and as attracted 10,000 company. It makes sense, man. If you're in that business, instantly, ChatGPT should be used every single day for what you're doing. If you're a code writer, I imagine that's going to be coming quick. Yeah. And they're going to announce plans to incorporate other co-pilots into windows where they'll rewrite, summarize, and explain content. It's going to be in Microsoft Office 365. We'll look, create slide decks in PowerPoint, sift through emails and outlook, and make charts based on Excel data. There's no point in hyping technology for technology's sake, Nadella says. All of these technology shifts are only useful if they do something in the real world, but it's going to be happening, man. GitCubs version starts at $10 per user and co-pilots for Microsoft Office apps could be similar, translating into as much as $48 billion in extra revenue within the next four years. That's an analyst at Evercore ISI, right? $48 billion in extra revenue in the next four years, let alone what do you do in the next five, six? He estimated Microsoft's revenue from open AI powered features could hit, we'll call it $100 billion by 2027. That would be like adding three Netflixes to the top line of the world's second most valuable public company. So I'll post this in the TigerStand. If you're not in the TigerStand folks, get in the TigerStand. And yeah, pretty interesting where they're going to go from there. All right, let's check back to some of the currencies. As you have the ECB hiking, probably hiking again, we got the dollar trading lower. We got yields lower as well. As you got the 10-year spike into 1.1312 this morning, we got the S&Ps blowing higher, man. You can't stop it, right? We're amazing. S&Ps up by nine points. So much for that morning acceleration down to 43.93. And where are we? We're right near the highs of yesterday afternoon right now. As you pushed a high of 44.29 early in the day yesterday, you got up to about 44.40. Yeah, quite the acceleration indeed. NASDAQ, only up by five, you get the Dow up by 122 points right now. We jump over to crude, 69.52. And let's take a look at gold. Yeah, anytime you're getting this type of moving currencies, be interesting to see how Tim ties that in in terms of dollar tonight with his webinar on gold, talking about the dollar, talking about gold because you see the relation, man, right? From 1936 to 1961, that gold contract at the same time, you've had the dollar index go from a price point of 103.22 down to 102.61 mammoth moves in currencies, man. And we'll see if the day holds, because as I said, the day is young, right? 44.25 and the S&P is remarkable. Let's jump around to some of the other companies of note. Tesla off about 1.5% so far this morning, we jump over to meta shares, up about 6 tenths percent. Yeah, AI is just not backing down, man. NVIDIA gives back some of their acceleration accelerating to 433 yesterday. We're trading at 425 this morning so far for NVIDIA. We checked the Microsoft. Look at that bid on Microsoft, man. They just added $5 from where it was in the pre-market. Apple just added $2. That's $32 billion in market cap battle just added. It just doesn't end, man. Google's a little different story, right? Keep your eye on these, man, because you see how Apple is trading? You see how Microsoft is trading? Okay. Google's not in that deal right now. They're down by 4 tenths percent for Google shares. Jumping, yeah, Meta's catching a bid. So it's a different class. Google's in the class of its own right now. Be careful on the Google shares, man. I'm not sure we've seen a company lose a 25-year, 23-year monopoly in front of our eyes, and that's what we might see happen, right? Where do you think all that money that Microsoft's going to get is going to come from? It's going to come from somebody. Stay tuned, folks. One more segment. Markets in positive territory. S&Ps by 11, up by 11. We'll be back for one more segment, folks. Don't go away. TFNN has just launched their new trading room, the Tiger's Den, hosted at Discord. 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Right now with the S&P, it's not stopping folks. Up 15 points, 44.33, you get the Nasdaq 100. The laggard, you could say right now. Only up about a tenth of a percent. Nasdaq 100, up 20 points. The Dow, up by half a percent. 34,457, you get the Russell. Flat this morning, Russell would be the laggard after getting pummeled yesterday. You jumped a crude. Up about a dollar at 69.46, that gold contract with some volatility. Don't forget about Tim Ward's webinar tonight. Four o'clock, folks, right after my dad's program. Four till six. Please don't wait until the last minute if you're going to check it out. It will be right in our Discord server room. So if you're already in the tiger stand, pretty easy to get in there. We get some volatility on gold today. We got some volatility in these markets, man. I mean, we just got above the highs that we hit at three o'clock yesterday. You came into the Fed decision early in the day. We got to a high of about 44.39 in the S&Ps. And yeah, we'll see where we go as we get a whole day of trading. And we got tomorrow ahead of the long weekend, strong retail sales, weekly jobless claims, 260-some thousand, nothing to get too excited about in terms of even on the retail sales front, but strong economy. And we'll see where we go from there. ECB hikes rates to 3.5 percent and basically signals they're coming again at the next meeting. It would make sense. They're only at 3.5 percent. They're still dealing with some pretty extreme inflation over there as well. And they're only at 3.5, right? We're at 5.1. The Fed says we might have to go to 5.6, essentially. And they're sitting at 3.5. It shouldn't be too surprising that they're probably going again on the ECB. We jump over to the dollar index. That's not stopping as well. 102.57. I mean, folks, 8 o'clock this morning, we were at 103.30. Keep your eye on the dollar index because it's driving a lot of the action right now. And of course, that's all related to yields. You jump over to the 10-year. We're up to 113.14 right now in the 10-year. And as we wrap up the program, we jump over in that 10-year. You're talking about a yield now of 3.72 percent. 3.72 percent yields coming down. Interesting. ECB playing into that, of course, as they are now seeming hawkish going forward in the Fed. Not as hawkish as maybe the market was fearing. Folks, thanks so much for starting your day off with me. I'm coming back for the 10 o'clock update, and then we'll have Basil's program just from this morning an hour ago. Stay tuned, folks. I'll be right back.